10 Months Of Declining Existing Home Sales
The National Association of Realtors reported a decline in existing-home sales for the tenth consecutive month in November. Year-over-year and month-over-month declines are observed in all four major U.S. regions. Below is a summary of the comparisons:...
Declining Rates Boosts Homebuyer Optimism
Freddie Mac reported that the 30-year fixed-rate mortgage (FRM) declined for the sixth consecutive week after news of the Federal Open Market Committee's (FOMC's) seventh rate hike in 2022, the seventh action in 2022 alone. For the week ending December 22, 2022, the...
2023 Expected To Be A Year Of Stability For Home Prices
Is America’s house sales boom over? There had been so much going on in the real estate industry less than a year ago. It was driven by the buyers taking advantage of the low mortgage rates. Even with the increasing home prices, people are very much into buying...
